TechFlow news, on September 3, Lin Chen, Head of Asia-Pacific Business at Deribit, disclosed a large Ethereum options trade on social media. An investor bought 7,125 ETH call options with a $5,000 strike price expiring at the end of 2024, while simultaneously selling call options with a $6,000 strike price expiring at the end of March 2025, generating a net premium income of $245,000.
This move indicates the investor expects ETH to surpass $5,000 by the end of this year but anticipates it will not exceed $6,000 before the end of March next year. Lin Chen noted that this trade precisely positions on timing and price levels, reflecting market optimism regarding cryptocurrency performance around November and the Chinese Lunar New Year period.
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